
Starting Out Under 4.0% Despite Hotter PPI
We'd already discussed the fact that PPI has fallen by the wayside as a relevant market mover for bonds despite one or two instances of relevance nearly 2 years ago when bonds were desperate for any hints of change. Today's PPI results and the ensuing bond market movement leave no doubt as to the re
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Knock Knock Knockin' on 10yr Floor
Knock Knock Knockin' on 10yr Floor Sometimes, it's a shame that the 7yr Treasury isn't the most popular bond market benchmark. If it were, today's headline could reference "knockin' on 7's floor." Whether it's the 3.77 level in the 7yr Treasury yield or 4.0% in the 10yr, bonds are repeatedly approac
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Best Week For Mortgage Rates in Years
Given that we have the somewhat unpopular job of reporting that today's average top-tier 30yr fixed mortgage rate is 6.00 again, rather than the 5.99 seen earlier this week, we can at least find one glowingly positive development as a silver lining. In fact, the silver lining is more than a consolat
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MBS Optimization, Non-Del Non-QM, Fraud, Realtor Tools; STRATMOR on Momentum; Jamie Dimon, AI, and Markets
The latest example is ICE Mortgage Technology launching its new Homeowner Portal, powered by LERETAโs tax tracking data, โgiving homeowners real-time visibility into their property tax and insurance payment information. The integration enhances transparency for borrowers while helping servicers impr
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